On a momentous Friday, the Reserve Bank of India (RBI) made a significant policy shift by reducing key interest rates for the first time since May 2020. RBI’s decision to lower the repo rate by 25 basis points to 6.25% comes in response to easing inflation, providing the central bank with fresh impetus to invigorate
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In an intriguing twist for the cosmetics industry, L’Oreal, the French powerhouse, has reported sales outcomes that have disappointed market analysts. In the fourth quarter, the company recorded sales of 11.08 billion euros (approximately $11.49 billion), indicating a modest increase of 2.5% on a like-for-like basis. This figure fell short of the 11.1 billion euros
Novo Nordisk, the Danish pharmaceutical giant renowned for its innovative treatments, has made waves in the stock market following the announcement of its fourth-quarter earnings. The company reported an impressive net profit of 28.23 billion Danish kroner (approximately $3.98 billion), reflecting a remarkable 29% year-on-year increase. This figure not only surpassed analysts’ expectations of 26.09
The recent earnings report from Alphabet Inc., the parent company of Google, has stirred notable reactions within the financial markets. Following the announcement of its fourth-quarter results, Alphabet’s shares plummeted over 9% in after-hours trading. This decline suggests a strong disappointment among investors, primarily due to revenue figures that fell short of analyst projections in
The eurozone has been experiencing notable fluctuations in inflation figures, highlighting the complexity of economic management within the region. In January, inflation surged to 2.5%, exceeding economists’ expectations and reflecting a significant jump in energy prices. This rise presents a stark contrast to the prior month’s inflation rate of 2.4%, emphasizing an unexpected escalation that
As the stock market opened a new trading month, traders found themselves in a state of alarm, catalyzed by the U.S. administration’s latest tariff decisions. This volatility was reflected in the significant decline of stock futures—Dow futures fell by 528 points (approximately 1%), while S&P 500 futures dipped by 1.9%, and Nasdaq-100 futures experienced an
In recent discussions surrounding advancements in artificial intelligence, the emergence of China’s DeepSeek presents a pivotal moment. The company has boldly claimed that its new large language model surpasses OpenAI’s capabilities while being significantly cheaper to train. Such announcements can undoubtedly unsettle markets, indicating a fierce competitive landscape brewing in the realm of AI technology.
In a move that has stirred significant discussion among economists and market analysts alike, President Donald Trump recently announced the implementation of aggressive tariffs set to commence over the weekend. This decision, confirmed by White House Press Secretary Karoline Leavitt, entails a sweeping enactment of a 25% tariff on both Mexico and Canada, along with
British multinational Shell has revealed a notable decline in its annual profits for the fiscal year 2024, indicating a shift in the energy market that is affecting even the largest players in the industry. The company’s adjusted earnings amounted to $23.72 billion, down from $28.25 billion in 2023, falling short of analysts’ expectations that hovered
In a striking announcement, Norway’s Government Pension Global Fund, recognized as the world’s largest sovereign wealth fund, revealed an astonishing profit of 2.5 trillion kroner (approximately $222.4 billion) for the fiscal year ending in 2024. This remarkable result not only surpasses the previous year’s profit of 2.22 trillion kroner but also signifies a profound testament